Civic Intelligence

Horse Cave Development Corporation

EIN 20-3758039 • 501(c)3 • Munfordville, KY

Munfordville, KY
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

1811%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $79,602 (-100%) from 2021

Liabilities

Down

$0

Down $151,859 (-100%) from 2021

Net Assets

Up

$0

Up $72,257 (+100%) from 2021

Revenue

Up

$114,662

Up $108,662 (+1811%) from 2021

Expenses

Up

$42,405

Up $36,216 (+585%) from 2021

Net Income

Up

$72,257

Up $72,446 (+38331%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100KAssets 2011: $125,609Liabilities 2011: $143,250Net Assets 2011: -$17,6412011Assets 2012: $127,559Liabilities 2012: $151,019Net Assets 2012: -$23,4602012Assets 2013: $124,637Liabilities 2013: $157,371Net Assets 2013: -$32,7342013Assets 2014: $124,174Liabilities 2014: $166,444Net Assets 2014: -$42,2702014Assets 2015: $125,264Liabilities 2015: $175,559Net Assets 2015: -$50,2952015Assets 2016: $127,628Liabilities 2016: $181,366Net Assets 2016: -$53,7382016Assets 2017: $129,033Liabilities 2017: $187,647Net Assets 2017: -$58,6142017Assets 2018: $125,935Liabilities 2018: $188,182Net Assets 2018: -$62,2472018Assets 2019: $122,180Liabilities 2019: $187,208Net Assets 2019: -$65,0282019Assets 2020: $80,821Liabilities 2020: $152,889Net Assets 2020: -$72,0682020Assets 2021: $79,602Liabilities 2021: $151,859Net Assets 2021: -$72,2572021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $14,462Expenses 2011: $36,473Net Income 2011: -$22,0112011Revenue 2012: $8,200Expenses 2012: $14,019Net Income 2012: -$5,8192012Revenue 2013: $1,500Expenses 2013: $10,774Net Income 2013: -$9,2742013Revenue 2014: $1,127Expenses 2014: $10,663Net Income 2014: -$9,5362014Revenue 2015: $2,411Expenses 2015: $10,435Net Income 2015: -$8,0242015Revenue 2016: $5,200Expenses 2016: $8,643Net Income 2016: -$3,4432016Revenue 2017: $3,600Expenses 2017: $8,476Net Income 2017: -$4,8762017Revenue 2018: $7,900Expenses 2018: $11,533Net Income 2018: -$3,6332018Revenue 2019: $8,950Expenses 2019: $11,731Net Income 2019: -$2,7812019Revenue 2020: $2,946Expenses 2020: $9,986Net Income 2020: -$7,0402020Revenue 2021: $6,000Expenses 2021: $6,189Net Income 2021: -$1892021Revenue 2022: $114,662Expenses 2022: $42,405Net Income 2022: $72,2572022

Highlighted filing

2022

Revenue$114,662
Expenses$42,405
Net Income$72,257

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Sep 30, 2022
Return Version
2021v4.2
Gross Receipts
$114,662
Mission and Program Overview

Mission

To engage in all aspects of revitalization and development of historical and commercial areas of horse cave, ky

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$104,390--
Land, Buildings, and Equipment, Net$74,785--
Cash and Non-Interest-Bearing Accounts$4,817--
Rtn Earn Endowment Incm Other Fnds$-72,257--
Total Assets$79,602$0▼ $79,602
Liabilities
Mortgage Notes Payable Secured by Investment Property$47,469--
Total Liabilities$151,859$0▼ $151,859
Net Assets / Fund Balance
Total Net Assets Fund Balance$-72,257$0▲ $72,257
Total Liabilities and Net Assets / Fund Balance$79,602$0▼ $79,602
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth RussellPresident
David HoukVice President
Billy AndrewsDirector
David DespainDirector
David ShadburneDirector
Gerald MateraSecretary
Sandra WilsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$87,784
Program Service Revenue
$0
Investment Income
$-8,562
Other Revenue
$35,440
All Other Contributions
$87,784
Change in Net Assets
$72,257

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Miscellaneous7$84,035Loan Value
Total Noncash Contributions7$84,035-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,405
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,042--$2,042
Depreciation Depletion$1,818--$1,818
Fees for Services Accounting$1,375--$1,375
Insurance$1,092--$1,092
Other Expenses$638$35,440-$638
Total Functional Expenses$6,965$35,440$0$42,405
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Billy AndrewsDirectorPayback of LoanNo$3,708
David DespainDirectorPayback of LoanNo$3,708
David HoukDirectorPayback of LoanNo$3,708
Gerald MateraDirectorPayback of LoanNo$3,708
Kenneth RussellDirectorPayback of LoanNo$3,708
Sandra WilsonDirectorPayback of Loan BalanceNo$3,708
David ShadburneDirectorPayback of LoanNo$2,517

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$104,390--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Organizations process to review form 990 is; a copy of the 990 is presented to the directors for acceptance prior to filing.

Officer director etc mailing address Part VI line 9

Any officer not reached at their listed address can be reached through the president, kenneth russell, 821 eastside drive, horse cave, ky 42749.

Conflict of interest policy compliance Part VI line 12C

Conflict of interest policies are available to the public upon request.

Governing documents etc available to public Part VI line 19

Governing documents disclosure explanation - the organization makes available to the public all governing documents, conflict of interest policies and financial statements.

Filing and Contact Details

Filer

Filer Name
Horse Cave Development Corporation
EIN
20-3758039
Address
821 EASTSIDE DRIVE, Horse Cave, KY 42749
Doing Business As
co Kenneth Russell Treasurer

Signing Officer

Name
Kenneth Russell
Title
President
Phone
2707741115
Signed
2022-09-30
Discuss with paid preparer
No

Organization Details

Principal Officer
Kenneth Russell
Formed
2006
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
7

Preparer

Firm
Anthony Wilson CPA
Address
10772 N Jackson Hwy, Magnolia, KY 42757
Preparer
Anthony Wilson
Phone
2705375427
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

Final Year of Operations, Ceased all services 8/31/2022.

Part XI response or note to any line in Part XI

Other change to net assets, directors forgave the remaining notes payable after splitting the liquidated cash. Note forgiveness recoginized as a contribution to the corporation.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt62517
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAYBACK OF LOAN BALANCE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PAYBACK OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2PAYBACK OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3PAYBACK OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4PAYBACK OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5PAYBACK OF LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc6PAYBACK OF LOAN
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesMiscellaneousGrp/ContributionCnt07
IRS990ScheduleM/SecuritiesMiscellaneousGrp/MethodOfDeterminingRevenuesTxt0LOAN VALUE
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesMiscellaneousGrp/NoncashContributionsRptF990Amt084035
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SALE OF DRY CLEANER BUILDING
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02022-07-28
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt065000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0INDIVIDUAL
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0REAL ESTATE SALE
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0JESSE JENNIFER SIMS
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0112 E MAIN ST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Horse Cave
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0KY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd042749
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0DAVID DESPAIN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1KENNETH RUSSELL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2SANDRA WILSON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3DAVID HOUK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc4GERALD MATERA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc5BILLY ANDREWS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc6DAVID SHADBURNE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt42022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt52022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt62022-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt03708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt13708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt23708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt33708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt43708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt53708
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt62517
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt4INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt5INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt6INDIVIDUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt4CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt5CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt6CASH VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0DAVID DESPAIN
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm1KENNETH RUSSELL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm2SANDRA WILSON
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm3DAVID HOUK
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm4GERALD MATERA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm5BILLY ANDREWS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm6DAVID SHADBURNE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0204 WINDSOR AVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1821 EASTSIDE DRIVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2308 EAST DALE HEIGHTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3100 KNOB HILL RD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt4821 EASTSIDE DRIVE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt5409 BRECKINRIDGE LANE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt61044 STARHILL WAY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0Glasgow
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1Horse Cave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2Horse Cave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3Horse Cave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm4Horse Cave
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm5Louisville
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm6Lawrenceburg
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd4KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd5KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd6KY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd042141
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd142749
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd242749
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd342749
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd442749
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd540207
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd640342
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS PROCESS TO REVIEW FORM 990 IS; A COPY OF THE 990 IS PRESENTED TO THE DIRECTORS FOR ACCEPTANCE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY OFFICER NOT REACHED AT THEIR LISTED ADDRESS CAN BE REACHED THROUGH THE PRESIDENT, KENNETH RUSSELL, 821 EASTSIDE DRIVE, HORSE CAVE, KY 42749.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Final Year of Operations, Ceased all services 8/31/2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER CHANGE TO NET ASSETS, DIRECTORS FORGAVE THE REMAINING NOTES PAYABLE AFTER SPLITTING THE LIQUIDATED CASH. NOTE FORGIVENESS RECOGINIZED AS A CONTRIBUTION TO THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer director etc mailing address Part VI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part XI response or note to any line in Part XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt079602
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt079602
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt087784
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035440

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